(LOS ANGELES, CA) SnF Management,
a provider of long-term healthcare and rehabilitation services
operated under the Windsor name, announced the successful acquisition
of a six-facility portfolio of skilled nursing facilities from
Meritcare, Inc. for an undisclosed amount.

SnF Management, a privately-owned
company, was formed in 1990 by Lee C. Samson, President, and Lawrence
E. Feigen, Chief Operating Officer, with the intention of turning
troubled facilities into stable and profitable operations. Headquartered
in Los Angeles, SnF Management currently owns and operates ten
facilities located in Southern California. With the acquisition
of this portfolio, SnF has expanded its holdings to Northern California
with a total of 16 facilities, or 2,091 beds.

In facilities ranging from 75 to
296 beds, 2,500 Windsor employees will provide nursing care and
therapeutic service to an average of 2,000 patients per day who
are recovering from surgery, illness or injury. With the addition
of six new facilities, annual revenues are projected to grow from
$75 million to $125 million.

National lifestyle trends favor
the growth of sophisticated skilled nursing facilities like those
SnF operates. In fact, people over 65 years of age represent the
fastest growing population demographic in the country. Given advances
in medical technology and greater awareness of the importance
of physical fitness, this population’s life expectancy has
generally increased. As they age, however, there will be an increased
need for long-term care outside the acute care hospital.

The company is in an acquisition
mode. Having previously absorbed facilities into its network one-by-one,
this is the first time SnF has acquired an entire portfolio. “The
acquisition of these facilities is consistent with our long-term
strategy,” says Samson. “We are actively seeking opportunities
to expand our presence in Northern California, and eventually
to nearby states, yet retain geographic control.” Samson
continued, “While we intend to take our operation to new
levels, it is not our goal to become the largest owner/operator
of skilled nursing facilities in the area. Rather, our focus is
on providing an elevated standard of care.”

Each facility offers a comprehensive
range of rehabilitation services, provides “personal touch”
services such as community outings, parties, and religious services,
and features restaurant style dining. In addition to therapeutic
services, Windsor facilities also incorporate social services
for residents and their families as well as consulting services
such as dental, psychotherapy and pharmacy.

Through design, construction,
and decor, SnF has created homelike environments in their Windsor
facilities, which when combined with a highly skilled medical
staff enables residents to experience the comfort and security
required to function at their highest capacity and optimum quality
of life.